Latest Louisiana Headlines
All the headlines from our Louisiana Topic Page, ordered by recency.
La. Fire Ins. Premiums May Go Down
Jun 10 2002 // Three fire departments in Louisiana’s Jeffers on Parish are set to receive higher fire ratings in June, which could save property owners in Marrero and Harvey as much as 15 percent on their fire insurance premiums....
Diminished Value 3-Time Loser in La.
Jun 10 2002 // A Louisiana Circuit Court has reversed a trial court’s holding that an insurance company’s auto policy covered “diminished value claims,” making it the third such case that has been rejected in the...
LA Civilian Employee Convicted for Workers’ Comp Fraud
May 27 2002 // A former Los Angeles County Sheriff’s Department (LASD) civilian employee, pled no contest to one count of felony insurance fraud for allegedly filing a false workers’ compensation claim. Richard Montellano...
Watch the Skies, Weather Still Causing Trouble for Homeowners Markets
May 27 2002 // For the past year, while the Texas homeowners insurance market reeled from the effects of mold claims on premium (and still does), homeowners markets in other states have begun bracing themselves for similar nightmare...
STATE FARM WITHDRAWS FROM LA.
May 13 2002 // State Farm has decided to take a hike from the Louisiana homeowners market and Acting Insurance Commissioner Robert Wooley acknowledged the pullout comes as no surprise. In a statement, Wooley noted that the company cited...
NAII Urges Rate, Tort Reform in La.
Apr 15 2002 // The National Association of Independent Insurers (NAII) warned that without rate modernization and tort reform, the Louisiana insurance market could be in serious trouble—market shrinkage, higher prices, and federal...
La. Names New Dep. Commissioner
Mar 11 2002 // Acting Commissioner of Insurance J. Robert Wooley named Paula Pellerin-Davis as the new Deputy Commissioner of the Office of Property and Casualty for the Louisiana Department of Insurance. Davis previously served as...
La. Agents Charged, Suspended
Mar 11 2002 // Two insurance agents in Lafayette were arrested and their licenses suspended after they allegedly submitted fraudulent documents and misappropriated insurance funds, according to acting Louisiana Insurance Commissioner J....
SIAA Welcomes Louisiana Agency
Feb 25 2002 // The Strategic Independent Agents Alliance (SIAA), a national insurance agency distribution network, announced that Cuave Insurance Agency/Sovereign Insurance Group (SIG) of Winnsboro, La., has established Southern...
Building Profitability into the Commercial Auto Market
Feb 11 2002 // Like most property and casualty insurance lines, the commercial auto insurance market has witnessed rate increases over the past year and expects to see more. And, as in other lines, underwriters are scrutinizing accounts...
Agent Told to ‘Cease and Desist’
Feb 11 2002 // The Louisiana Department of Insurance ordered a former insurance agent to cease and desist any business as an insurance agent as a result of the agent’s alleged violations of the Louisiana Insurance Code. Herman...
La. Approves Exclusions
Feb 11 2002 // Louisiana acting Commissioner of Insurance J. Robert Wooley announced the approval of terrorism, mold and pollution exclusions for certain lines of insurance. Wooley said approval of specific coverage exclusions is...
La. Court Rejects Appeal
Jan 28 2002 // Rejecting an appeal of a previous court decision, the Louisiana Supreme Court let stand a lower court ruling that rejects the notion that insurers are required to pay for diminished value. The plaintiff in Campbell v....
McDermott favored in La. Case
Jan 28 2002 // Judge Sarah S. Vance of the U.S. District Court for the Eastern District of Louisiana issued a ruling Jan. 4, granting motions by McDermott International Inc., a worldwide energy services company, and its subsidiary...
Calif. Won’t Adopt Terror Exclusions
Jan 8 2002 // According to a Jan. 7 Los Angeles Times article, California has refused to allow insurers to adopt terrorism exclusion language, a move which has already been by approximately 20 other states in the wake of Sept. 11. The...
Top 10 Stories of 2001
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the Future This is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth,...
LA Re Renamed XL Re Latin America Ltd
Oct 29 2001 // Latin American Re has adopted the global brand name of its parent company XL Re Ltd., renaming itself as XL Re Latin America Ltd. (XL Re LA). The move follows XL Re’s acquisition last year of Risk Capital...
LIGA TO LOSE $175M
Oct 22 2001 // The Louisiana Insurance Guaranty Association (LIGA) will take a $175 million hit covering claims owed in the state by a failed Pennsylvania insurance company that mainly provided business and workers’ compensation...
As Texas and Louisiana Mop Up, Assessment Begins in Flood-Swept Areas
Jun 18 2001 // Preliminary cost estimates of damages wreaked by Tropical Storm Allison as it floated around Southeast Texas for several days earlier this month have topped $1 billion. But no one knows what the actual figure will be nor...
LA CPCU Chapter and MUA Hold Joint Meeting
Mar 5 2001 // Thanking William C. Clark (center), president of Warehouse Insurance Management Co., are MUA vice president Sherry Wright, Atlantic Mutual Companies (left); and LA CPCU Chapter president-elect David Keleher, Farmers...
